Waverly Advisors LLC Boosts Stake in The Descartes Systems Group Inc. $DSGX

Waverly Advisors LLC grew its stake in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 46.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 80,543 shares of the technology company's stock after purchasing an additional 25,595 shares during the period. Waverly Advisors LLC owned approximately 0.09% of The Descartes Systems Group worth $5,577,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. AXA S.A. increased its position in shares of The Descartes Systems Group by 2.0% in the second quarter. AXA S.A. now owns 6,702 shares of the technology company's stock valued at $681,000 after buying an additional 130 shares in the last quarter. Reynders McVeigh Capital Management LLC boosted its position in shares of The Descartes Systems Group by 0.3% in the 3rd quarter. Reynders McVeigh Capital Management LLC now owns 55,260 shares of the technology company's stock worth $5,207,000 after buying an additional 140 shares in the last quarter. Orion Porfolio Solutions LLC boosted its position in shares of The Descartes Systems Group by 4.1% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 3,616 shares of the technology company's stock worth $368,000 after buying an additional 143 shares in the last quarter. Federated Hermes Inc. grew its stake in The Descartes Systems Group by 19.2% in the 4th quarter. Federated Hermes Inc. now owns 1,098 shares of the technology company's stock valued at $96,000 after acquiring an additional 177 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in The Descartes Systems Group by 57.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 548 shares of the technology company's stock valued at $39,000 after acquiring an additional 200 shares during the last quarter. 77.73% of the stock is owned by institutional investors and hedge funds.

The Descartes Systems Group Stock Performance

DSGX opened at $71.32 on Friday. The Descartes Systems Group Inc. has a 1 year low of $62.56 and a 1 year high of $107.52. The firm has a 50 day moving average price of $75.56 and a 200 day moving average price of $72.52. The company has a market cap of $6.10 billion, a PE ratio of 35.66 and a beta of 0.62.

The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last released its quarterly earnings results on Thursday, September 10th. The technology company reported $0.57 earnings per share for the quarter, hitting analysts' consensus estimates of $0.57. The Descartes Systems Group had a return on equity of 11.17% and a net margin of 23.35%.The firm had revenue of $198.12 million during the quarter, compared to analysts' expectations of $197.54 million. During the same quarter in the prior year, the business earned $0.43 EPS. The Descartes Systems Group's quarterly revenue was up 11.8% compared to the same quarter last year. On average, sell-side analysts predict that The Descartes Systems Group Inc. will post 2.34 earnings per share for the current year.

Key Stories Impacting The Descartes Systems Group

Here are the key news stories impacting The Descartes Systems Group this week:

• Positive Sentiment: Descartes delivered record Q2FY27 revenue of $201.1 million, up 12% year over year, while service revenue rose 13% to $188.6 million. Income from operations increased 36% to $65.5 million, and net income rose 32% to $50.0 million. Descartes reports another record-breaking quarter
• Positive Sentiment: Diluted EPS was $0.57, up from $0.43 a year earlier. Adjusted EBITDA climbed 18% to $94.4 million, with the margin expanding to 47% from 45%, indicating improving operating leverage. Descartes Systems meets Q2 earnings estimates
• Positive Sentiment: Operating cash flow grew 28% to $81.3 million, and the company ended July with $401.1 million in cash. Descartes also repurchased approximately $24.3 million of stock during the quarter, supporting per-share value.
• Positive Sentiment: Recent acquisitions of Transportation Applied Intelligence Software and Extensiv, costing approximately $219.2 million combined, expand Descartes’ transportation-management, warehouse-management and fulfillment capabilities. Descartes Announces Fiscal 2027 Second Quarter Financial Results
• Neutral Sentiment: Although results were solid, the $0.57 EPS figure matched the consensus estimate instead of beating it. For a stock trading at a relatively elevated earnings multiple, investors may have been seeking stronger upside surprise or more detailed growth guidance.
• Negative Sentiment: The acquisition strategy creates execution and integration risks, while the use of cash for acquisitions and buybacks could limit flexibility if logistics demand weakens or global trade conditions deteriorate.
• Neutral Sentiment: A separate short-interest report showed zero shares sold short, providing no meaningful evidence of short-covering or bearish positioning; the data appears unreliable and is unlikely to explain the trading reaction.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on DSGX. Raymond James Financial cut their target price on shares of The Descartes Systems Group from $118.00 to $108.00 and set an "outperform" rating for the company in a research note on Thursday, June 4th. Weiss Ratings raised shares of The Descartes Systems Group from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Tuesday, July 21st. Canadian Imperial Bank of Commerce upped their price objective on shares of The Descartes Systems Group from $116.00 to $118.00 and gave the company an "outperformer" rating in a research note on Thursday, June 4th. National Bank Financial set a $95.00 target price on shares of The Descartes Systems Group and gave the stock an "outperform" rating in a research report on Monday, July 20th. Finally, Royal Bank Of Canada set a $125.00 target price on shares of The Descartes Systems Group and gave the stock an "outperform" rating in a research note on Friday, September 4th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, The Descartes Systems Group has an average rating of "Moderate Buy" and a consensus price target of $102.46.

The Descartes Systems Group Profile

The Descartes Systems Group Inc is a Canadian technology company that provides cloud-based logistics and supply chain management software. Its platform helps businesses manage the movement of goods, shipments, vehicles and trade-related information across complex supply chains.

The company's offerings include transportation management, route planning and optimization, shipment tracking, telematics, freight matching, customs and regulatory compliance, logistics messaging, and electronic connectivity among shippers, carriers, brokers, manufacturers and other supply chain participants.

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